Demand for engineers decrease

Business

THE demand for engineers in the extractive industry has decreased with global oil prices causing companies to scale down operations and labour, an official says.
PNG Institute for Engineers board member Benjamin Moaitz said the challenging economic climate had adversely affected the profession who have been ensuring efficient operations in the extractive industry.
“Constraints (are) due to the economic downturn in the nation and experienced in the region due to fluctuating prices of oil,” he said.
“And of course the mineral space as well has been challenging for miners and engineers on the ground.
“But the risk in most scenarios can be managed to ensure an optimum environment for mining operations to continue. This resulted in companies cutting costs and expenses in operating and developing mine sites, resulting in national and expatriate staff numbers declining.”

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